Mount Prospect Real Estate Lawyer, Illinois

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Wendy R Morgan Lawyer

Wendy R Morgan

VERIFIED
Divorce & Family Law, Power of Attorney, Foreclosure

Wendy R. Morgan is the founder and owner of The Law Firm of Wendy R. Morgan. Wendy has been practicing law since 1981 and has been concentrating in Fa... (more)

Marshall N. Dickler Lawyer

Marshall N. Dickler

Real Estate, Estate, Employment, Medical Malpractice, Personal Injury
Chicago, IL Condominium & Homeowner Association Lawyer

Marshall N. Dickler, is a condominium and homeowner association attorney with over 50 years of experience. Based out of Arlington Heights, IL, Attorne... (more)

Kendall D. Hartsfield Lawyer

Kendall D. Hartsfield

Criminal, DUI-DWI, Personal Injury, Civil & Human Rights, Real Estate
Compassionate. Effective. Professional representation for when times are tough.

Attorney Kendall D. Hartsfield is a graduate of Western Illinois University, Governors State University, and Thomas M. Cooley Law School, where he rec... (more)

FREE CONSULTATION 

CONTACT

312-345-1700

Ana M. Mencini Lawyer

Ana M. Mencini

Immigration, Deportation, Visa, Real Estate, Residential Real Estate

Attorney Ana Mendez Mencini is an experienced Itasca immigration attorney with a history of strong advocacy in service to her clients. As the daughter... (more)

FREE CONSULTATION 

CONTACT

630-875-1700

James J. Riebandt

Commercial Leasing, Estate Planning, Corporate, Business Organization
Status:  In Good Standing           

Richard G. Larsen

Alimony & Spousal Support, Business Organization, Child Support, Conveyancing
Status:  In Good Standing           

Marc L Brown

Commercial Real Estate, Adoption, Business Successions, Business Organization
Status:  In Good Standing           

Howard M. Zavell

Corporate, Personal Injury, Contract, Landlord-Tenant, Medical Malpractice
Status:  In Good Standing           Licensed:  33 Years

James A. Slowikowski

Real Estate, Litigation, Corporate, Business Organization
Status:  In Good Standing           Licensed:  37 Years

Mark John Watychowicz

Commercial Real Estate, Real Estate, Estate Planning, Transactions, Corporate
Status:  In Good Standing           Licensed:  23 Years

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LEGAL TERMS

JOINT TENANCY

A way for two or more people to share ownership of real estate or other property. When two or more people own property as joint tenants and one owner dies, the ... (more...)
A way for two or more people to share ownership of real estate or other property. When two or more people own property as joint tenants and one owner dies, the other owners automatically own the deceased owner's share. For example, if a parent and child own a house as joint tenants and the parent dies, the child automatically becomes full owner. Because of this right of survivorship, no will is required to transfer the property; it goes directly to the surviving joint tenants without the delay and costs of probate.

DIRECTOR

A member of the governing board of a corporation, typically elected at an annual meeting of the shareholders. Directors are responsible for making important bus... (more...)
A member of the governing board of a corporation, typically elected at an annual meeting of the shareholders. Directors are responsible for making important business decisions -- especially those that legally bind the corporation -- leaving day-to-day management to officers and employees of the corporation. For example, a decision to borrow money, lease an office or buy real property would normally be authorized by the board of directors. However, in the small business world, where it is common for owners to be directors, officers and employees simultaneously, distinctions dividing the roles and responsibilities of these groups are often blurred.

HOME WARRANTY

A service contract that covers a major housing system--for example, plumbing or electrical wiring--for a set period of time from the date a house is sold. The w... (more...)
A service contract that covers a major housing system--for example, plumbing or electrical wiring--for a set period of time from the date a house is sold. The warranty guarantees repairs to the covered system and is renewable.

MORTGAGE

A loan in which the borrower puts up the title to real estate as security (collateral) for a loan. If the borrower doesn't pay back the debt on time, the lender... (more...)
A loan in which the borrower puts up the title to real estate as security (collateral) for a loan. If the borrower doesn't pay back the debt on time, the lender can foreclose on the real estate and have it sold to pay off the loan.

VESTED REMAINDER

An unconditional right to receive real property at some point in the future. A vested interest may be created by a deed or a will. For example, if Julie's will ... (more...)
An unconditional right to receive real property at some point in the future. A vested interest may be created by a deed or a will. For example, if Julie's will leaves her house to her daughter, but the daughter gains possession only after Julie's husband dies, the daughter has a vested remainder in the house.

ASSIGNEE

A person to whom a property right is transferred. For example, an assignee may take over a lease from a tenant who wants to permanently move out before the leas... (more...)
A person to whom a property right is transferred. For example, an assignee may take over a lease from a tenant who wants to permanently move out before the lease expires. The assignee takes control of the property and assumes all the legal rights and responsibilities of the tenant, including payment of rent. However, the original tenant remains legally responsible if the assignee fails to pay the rent.

SETBACK

The distance between a property boundary and a building. A minimum setback is usually required by law.

LIQUID ASSETS

Business property that can be quickly and easily converted into cash, such as stock, bank accounts and accounts receivable.

RESTRAINT ON ALIENATION

A provision in a deed or will that attempts to restrict ownership of the property -- for example, selling your house to your daughter with the provision that it... (more...)
A provision in a deed or will that attempts to restrict ownership of the property -- for example, selling your house to your daughter with the provision that it never be sold to anyone outside the family. These provisions are generally unenforceable.